Fees

Fee Management

The management fee applicable to the pension operators and regulator (PFA, PFC and PENCOM) for RSA Fund I, Fund II, Fund III and Retiree Fund IV are contained in the table below:

Management Fee

Fund Type PFA (% p.a) PFC (% p.a) PENCOM (% p.a) Total (% p.a)
RSA Fund I (Asset Based) 1.50 0.30 0.225 2.025
 RSA Fund II (Asset Based) 1.20 0.25 0.20 1.65
RSA Fund III (Asset Based) 1.10 0.225 0.175 1.50
Retiree Fund IV (Income Based) 5.00 1.50 1.00 7.50

PFA Fee

N100.00 or N50.00 when clients monthly total contribution is less than N1,000.00